Two interesting climate change stories

In the sea of news about all things Trump, we lose sight of other things going on. Two stories caught my eye this week about climate change that deserve more oxygen, pun intended. On Monday, The Charlotte Observer published a front page story called “Rising sea erodes property values at beaches.”

Per the Observer, “Scientists have found that $7.4 billion was lost in home values across North Carolina, South Carolina, Virginia, Georgia and Florida because of sea level rise flooding from 2005 to 2017.

“Scientists at First Street Foundation – a technology nonprofit dedicated to increasing awareness of seal level rise – used data from the National Oceanic and Atmospheric Administration, US Geological Survey, local governments, the National Weather Service and the US Army Corps of Engineers to estimate flood risks.”

The “peer reviewed” study showed 616,626 homes lost value during this time. Per the Observer, “The study is the first of its kind to show depreciation of homes values has already taken place in the United States…” The article noted this is a concern to not only the homeowners, but the municipalities and counties where property taxes have (and will) decline through reevaluation.

Last week, an article in Yahoo Finance called “Kids around the world are suing governments over climate change – and it’s working,” it was noted the US Ninth Circuit Court of Appeals allowed a US lawsuit to move ahead.

As reported in Yahoo, “Back in 2015, a group of 21 young Americans decided to sue the US government over climate change. In Juliana v. US, the plaintiffs argue that the government has violated ‘the youngest generation’s constitutional rights to life, liberty, and property’ by adopting policies that promote the use of fossil fuels—despite the knowledge that carbon dioxide emissions are a primary cause of global warming.

“That might sound like an extreme claim. But in the years since, the lawsuit has kept succeeding against all odds. The Ninth Circuit Court of Appeals on July 20 denied the Trump administration’s attempt to dismiss the suit, and the case remains set for trial 0n October 29.” Yahoo notes the plaintiffs range in age from 11 to 22.

These two stories stand on their own. The first confirms with peer reviewed data, climate change is impacting coastal properties now and has been for at least twelve years. This is not a future thing. Most of this burden has been borne by the state of Florida, which is interesting as their governor forbid his staff from mentioning the words climate change or global warming in speeches or articles.

The second says these kids get it. The US government is lax on doing definitive measures and planning to address climate change. I am reminded of the multi-partisan plan developed by Denmark to address climate change impact over the long term, as it had to last beyond the current leadership. The kids have gotten to the next step with the Ninth Circuit Court saying their case has merit. Well done to all. It is sad the kids have to resort to this kind of measure when adult leaders fail to act or accept funding based on them not acting.

7 thoughts on “Two interesting climate change stories

    • Hugh, you may be right, but getting to this next step is huge. What I am loving about their efforts reminds me that kids made Florida change some of their gun laws after the school shooting earlier this year. Maybe they need to sue the US government over the lack of action on debt. Keith

  1. We are entering the days where climate change is going to cost billions in damage.

    When the available funds run out, chaos and civilisation breakdown will begin. Wars will dispose of potential refugees trying to find safe places and population will plummet.

    The skeptic in me can’t help but think that this is the political goal. To eliminate population!

    • Colette, the days of reckoning have arrived. A study by the largest pension scheme investors performed by Mercer Investment consulting in 2010, estimated the cost around $10 trillion, so it will add up.

      I don’t think it’s intentional population control, but I do believe the naysayers do not want to invest the money to move more quickly. Greed is still the most powerful motivator. The sad truth is the poorest among us are hurt the worst. Keith

  2. Note to Readers: The term we need to be mindful of is “sunny day flooding.” This represents the increasing number of days that ocean tides are flooding cities without storms.

  3. Dear Keith,

    I love this post. There is nothing like hard science to get people’s attention as to how serious the costs will be for not dealing with climate change head on. When the home values go south, the home insurance premiums become prohibitive and businesses start fleeing,perhaps more attention will be paid to this subject.

    Even if the kids don’t prevail, their message will get lots of media attention.

    Let’s pray that something real gets done, soon.

    Hugs, Gronda

    • Gronda, thanks. I see this homes close to the water, not built behind the mangroves and natural buffers. They will be consumed by the ocean. You are right to mention the property insurance. It becomes harder to get full value coverage at a reasonable price.

      This issue of sunny day flooding is a huge barometer. The number of days are increasing as cities like Miami Beach and Norfolk area deal with it.

      Keith

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